Dow -0.25% S&P +0.06% Nasdaq +0.47% Russell -0.28%
US Market Closed mixed with tech outperforming. Only five of the S&P 500's eleven sectors settled in positive territory, but, luckily for the broader market, one of those groups was the top-weighted technology space (+0.5%). For the year, the tech space trades comfortably ahead of its peers with a year-to-date gain of 22.1%. For comparison, the S&P 500 holds a year-to-date gain of 9.9% and the health care sector, which hovers in second place on the 2017 leaderboard, is up 15.9% on the year. Like financials, the energy sector (-0.5%) also had a rough showing, despite a positive performance from crude oil, which climbed 0.8% to $46.40/bbl. The commodity benefited from reports that Saudi Arabia is considering a reduction in its crude exports, in addition to a weakening U.S. Dollar; the U.S. Dollar Index (94.42, -0.50) dropped 0.5% to settle at an 11-month low. As for the remaining laggards, the telecom services group (-1.0%) was the weakest performer while the industrials (-0.3%), materials (-0.4%), and real estate (-0.1%) spaces settled with more moderate losses. US after hours EXPO +12%, CSX -4%, UAL / IBM -3% following earnings/guidance, SNI +15% and DISCA +8% on potential deal talks. Asia markets are mixed, but mostly to the upside; with a quiet day of trade with little economic catalysts ahead of Bank of Japan (BOJ) policy decision tomorrow. BOJ is expected to cut inflation forecast and raise GDP forecast. PBOC again injected through reverse repos, the 3rd consecutive injection over CNY100B and set the yuan reference rate at 6.7451, the strongest setting since October 2016. Takata Corp,7312.JP Said that victims' lawyers calling it unjust to halt US air bag cases against carmakers – press; -48%
Nikkei +0.16^Hang Seng +0.41% CSI +1.07% Shanghai +0.89% Shnezen +0.81%
Eur$ 1.1533 CNH 6.7549 CNY 6.7584 JPY 112.12 GBP 1.3044 CHF 0.9561 RUB 59.1331 WTI $46.18 -0.47%
S&P +0.07% EuroStoxx +0.32% FTSE +0.30% Dax +0.16% SMI +0.51%
Macro :
- Mnuchin Says U.S. Wants to Level Playing Field on China Trade
- EU May Levy up to 33% Duty on Some Hot-Roll Steel Imports: Rtrs
- Goldman Says MiFID II May Be Broader Than U.S. Post-Crisis Rules
Keep an eye on :
- ABE SM : Aena Considered Making A Bid for Abertis: Expansion
- AKZA NA : Akzo Nobel CEO Ton Buechner Steps Down With Immediate Effect
- ATC NA : Altice Says Claudia Goya Joins as CEO of Portugal Telecom
- AAPL US : Samsung May Produce Chips for New Apple Iphone: Maeil (July 18)
- T US : AT&T Is Said to Be in Talks to Buy Otter Media: New York Post
- MT NA : EU May Levy up to 33% Duty on Some Hot-Roll Steel Imports: Rtrs
- AHSL SS : Ahlsell Second Quarter Net Sales Beat Highest Estimate
- ASML NA : ASML Sees 3Q Net Sales of About EU2.2 Billion, Gross Margin 43%
- BBVA SM : BBVA Frances Falls to 2015 Low Ahead of Follow-On Share Sale
- BETSB SS : Betsson Daily Revenue in Start of 3Q Higher as Expected
- BLT LN : BHP Sees FY18 Iron Ore Output Up 3%-5%; FY17 at Bottom End
- CA FP : Carrefour Brazil Unit Prices Shares at BRL15 in BRL5.1b IPO
- DAI GY : Daimler Announces Voluntary Recall for 3 Mln Diesels in Europe
- DTE GY : Deutsche Telekom Names Woessner New Head of German Business
- EDF FP : EDF Reports Incident With Valve at Halted Flamanville Reactor 2
- EDF FP : France Must Set Realistic Target for Power Mix, Minister Says
- EDPR PL : EDP Renovaveis Says It Gets $370m Equity Financing in the U.S.
- FI/N SW : Georg Fischer 1H Sales Increase; Sees FY Growth Above Target
- GFC FP : Gecina Holder Ivanhoe Cambridge to Sell ~12.7m Rights
- GS US : Goldman-Backed Renew Is Said to Eye Orange Assets for $950M: ET
- DEC FP : JCDecaux Renews Brussels Airport Advertising Concession
- LGYZ SW : Landis+Gyr IPO Range Is Said to Narrow to 78-82 Francs/Shr:Rtrs
- NETS DC : Nets to Return Cash to Owners If No M&A Targets Found: Borsen
- RB/ LN : McCormick to Buy Reckitt Benckiser’s Food Division for $4.2b
- SAZ GY : Bain, Cinven Publish Stada Offer, Acceptance Starts Today
- SWEDA SS : Swedbank Says New Robur Equity Fund Attracts SK800 Million
- TEL2B SS : Tele2 Sees Full Year Ebitda SEK6.20 Bln To SEK6.50 Bln
- TKA AV : Telekom Austria Second Quarter Ebitda EU359.3 Mln
- TOM NO : Tomra Second Quarter Revenue Misses Estimates
- TOM2 NA : TomTom Sees Full Year Revenue Low End Of EU925 Mln To EU950 Mln
- UBI FP : Ubisoft Says 1Q Sales Beat Target, Confirms FY Forecasts, Ubisoft Says It’s Been Conservative on Next Assassin’s Creed
- VOLVB SS : Volvo Sees FY North America H/D Truck Market 225,000 Units